Telsey Advisory Group Lowers Capri (NYSE:CPRI) Price Target to $23.00

Capri (NYSE:CPRI) had its price objective decreased by Telsey Advisory Group from $26.00 to $23.00 in a research note issued to investors on Friday morning, Marketbeat Ratings reports. Telsey Advisory Group currently has a market perform rating on the stock.

Several other brokerages have also recently weighed in on CPRI. StockNews.com cut Capri from a “hold” rating to a “sell” rating in a research report on Tuesday, August 27th. Citigroup cut Capri from a “buy” rating to a “neutral” rating and set a $41.00 target price for the company. in a research report on Friday, September 13th. Wells Fargo & Company reduced their target price on Capri from $42.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday, October 25th. JPMorgan Chase & Co. dropped their price target on Capri from $57.00 to $22.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. Finally, UBS Group dropped their price target on Capri from $42.00 to $39.00 and set a “neutral” rating for the company in a research note on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat, Capri currently has an average rating of “Hold” and an average price target of $28.88.

Capri Stock Performance

NYSE:CPRI opened at $21.00 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.93 and a quick ratio of 0.38. The business has a fifty day simple moving average of $34.30 and a two-hundred day simple moving average of $34.07. Capri has a 1 year low of $18.70 and a 1 year high of $51.23. The company has a market capitalization of $2.48 billion, a P/E ratio of -6.86, a P/E/G ratio of 4.33 and a beta of 2.05.

Institutional Investors Weigh In On Capri

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Quarry LP bought a new position in Capri during the 3rd quarter valued at approximately $53,000. Bessemer Group Inc. raised its position in Capri by 82.4% during the 1st quarter. Bessemer Group Inc. now owns 1,330 shares of the company’s stock valued at $60,000 after purchasing an additional 601 shares during the last quarter. CWM LLC raised its position in Capri by 35.2% during the 2nd quarter. CWM LLC now owns 2,452 shares of the company’s stock valued at $81,000 after purchasing an additional 638 shares during the last quarter. Signaturefd LLC raised its position in Capri by 14.7% during the 2nd quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock valued at $90,000 after purchasing an additional 351 shares during the last quarter. Finally, EMC Capital Management raised its position in Capri by 32.7% during the 1st quarter. EMC Capital Management now owns 2,421 shares of the company’s stock valued at $110,000 after purchasing an additional 596 shares during the last quarter. Institutional investors own 84.34% of the company’s stock.

About Capri

Capri Holdings Limited designs, markets, distributes, and retails branded women's and men's apparel, footwear, and accessories in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia. It operates through three segments: Versace, Jimmy Choo, and Michael Kors. The company offers ready-to-wear, accessories, footwear, handbags, scarves and belts, small leather goods, eyewear, watches, jewelry, fragrances, and home furnishings through a distribution network, including boutiques, department, and specialty stores, as well as through e-commerce sites.